Employee Benefits

As a member company, you may wish to consider the following plans for your employee benefit package:

Basic & Voluntary Term Life Insurance:
Designed exclusively for Minnesota Chamber members, ING Employee Benefits has designed a basic and voluntary group term life and disability insurance plan.

Attractive Standard Features:

Available to member employers with 2 or more employees.
Basic life coverage options: flat $10,000, flat $20,000, and one times salary to $50,000.
Guaranteed issue level is based on employer size.

Covered Lives
Less than 15
15 to 49
50 lives or more

Amount
$20,000
1x salary to $50,000 ($25,000 minimum)
Per ING Guidelines (case by case)

Waiver of premium if an employee becomes totally disables* before age 60. Accelerated life benefit, which allows a terminally ill employee* to collect up to 50 percent of insurance benefits (Defined in the certificate).

Optional Features:

Supplemental employees coverage, from $25,000 up to $500,000 (in $25,000 increments).
Dependent coverage of $5,000 or $10,000.
Accidental Death, in a coverage accident, doubles the benefit amount. In addition, the dismemberment benefit adds a portion of the benefit amount for covered accidents.

Value-added Services:

Communication Support, including an attractive brochure explaining the benefits and educating employees about the importance of life insurance.
Customized enrollment support, including a customized personal fact sheet with optional benefits and rates for each employee and a customized application form.

Supplemental Life Rates. Rates per $1,000 per month.

Age	Rates
Less than 25 years 25 - 29 years 30 - 34 years 35 - 39 years 40 - 44 years 45 - 49 years 50 - 54 years 55 - 59 years 60 - 64 years 65 - 69 years 70 or more years	$.06 $.07 $.09 $.11 $.17 $.29 $.48 $.75 $1.17 $2.10 $3.79

Assumptions:

Supplemental accidental death and dismemberment coverage: $.04 per month per $1,000 of coverage.
Dependent coverage: $5,000 benefit for $.90 per month, $10,000 benefit for $1.80 per month.
Employees must be active full time employees working at least 30 hours per week.
Suicide is excluded during the first two years of employee paid coverage.
Minimum participation requirement of 25 percent.
A takeover plan, with full grandfathered amounts, is available on a guaranteed issue basis.
Coverage reduces to 65% at age 65; to 50% at age 70; and to 30% at age 75.
Rates are subject to change.

Disability Income Insurance
ING Employee Benefits is please to offer a full spectrum of disability income products and services, designed especially for employees of companies who are members of the Minnesota Chamber of Commerce.

Short Term Disability (STD):
Income protection for employees in employer-sponsored plans insured by ING Employee Benefits.

STD rates available for employees of participating Chamber members with less than ten coveraged employees. Rates per $10 of covered benefit.

Age	13-week benefit	26-week benefit
Less than 30 years 30 - 39 years 40 - 49 years 50 - 54 years 55 - 59 years 60 - 64 years 70 years or more	$.46 $.46 $.49 $.58 $.76 $.88 $1.00	$.58 $.58 $.64 $.77 $1.01 $1.17 $1.34

Short Term Disability Highlights:

1st day accident/8th day sickness
13 or 26 week benefit duration
12/24 Pre ex for groups of less than 50 lives
3/12 Pre ex for groups of more than 50 lives
Includes residual coverage
Non-occupational coverage only
First day hospital coverage is not included
Full 12 month rate guarantee
60% benefit to a weekly maximum of $1,500
$25 minimum
Groups with fewer than 10 lives are step rated
Groups with over 10 lives are manually rated on a composite basis.
Groups with more than 50 lives have customized plans.

Long Term Disability:
Income protection, for employees in employer-sponsored plans insured by ING Employee Benefits.

All participating members are eligible for a premium holiday if the LTD plan meets the year-end target loss rates.

Age	3-Month Elimination Period	6-Month Elimination Period
Less than 25 years 25 - 29 years 30 - 34 years 35 - 39 years 40 - 44 years 45 - 49 years 50 - 54 years 55 - 59 years 60 years or more	$.23 $.29 $.385 $.50 $.645 $.84 $1.09 $1.42 $1.85	$.18 $.24 $.31 $.40 $.52 $.68 $.88 $1.15 $1.49

Long Term Disability Highlights:

3 or 6 month elimination period
60% benefit
$100 to $5,000 monthly coverage
Coverage to age 65
Full family integration
24 month "own Occ."
24 month M&N/Chem. Dep. Limitation
3 month survivor benefit
12/24 Pre ex for groups of less than 50 lives
3/12 Pre ex for groups of more than 50 lives
50 lives
RTW incentive included
10% flat commissions
2 year rate guarantee
Groups with fewer than 10 lives are step rated
Groups with over 10 lives are manually rated
Groups with more than 50 lives have customized plans

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Minnesota Chamber of Commerce Business Services

Employee Benefits